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Supplier & Inventory Management
Supplier & Inventory Management
R
Written by Ryan G
Updated over 2 weeks ago

Basic Prompts:

  • Who are my top 5 biggest suppliers?

  • Which suppliers do I rely on the most?

  • How much have I spent on supplier payments this year?

  • Which suppliers have increased their prices the most?

  • How much inventory do I have on hand?

  • What is my inventory turnover rate?

  • How many days does my inventory last on average?

  • Which products are sitting in inventory the longest?

  • Which suppliers give me the best payment terms?

  • What percentage of my revenue is tied up in inventory?

Deeper Insight Questions:

  • How often do I pay my suppliers on time vs. late?

  • Which inventory items should I consider discounting or liquidating?

Actionable Questions:

  • Should I negotiate better payment terms with my suppliers?

  • How can I optimize my inventory management to reduce costs?

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